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    Real estate investment trusts
Regal Real Estate Investment Trust

Regal Real Estate Investment Trust

HHKEX:1881
0.29
HKD
+0.02
(+5.45%)
1.09BMarket Cap
Apr 01Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.27
0.31
0.31
0.3
0.29
0.31
0.3
0.27
0.18
0.19
0.19
0.22
0.22
- -
Basic EPS, GAAP
0.11
0.07
-0.47
0.17
0.76
0.69
-0.65
-0.71
0.18
0.29
0.08
-0.06
-0.05
- -
Free Cash Flow per Basic Share
0.19
0.17
0.18
0.17
0.15
0.15
0.16
0.15
0.09
0.09
0.01
-0.02
0.02
- -
Dividend per Share
0.14
0.16
0.16
0.15
0.15
0.14
0.14
0.12
0.12
0.09
0.01
- -
- -
- -
Book Value per Share
4.84
4.76
4.1
4.13
4.75
5.32
4.5
3.66
3.73
3.93
4.01
3.96
3.9
3.9
Tangible Book Value per Share
4.84
4.76
4.1
4.13
4.75
5.32
4.5
3.66
3.73
3.93
4.01
3.96
3.9
3.9
Basic Weighted Avg Shares
3,257
3,257
3,257
3,257
3,257
3,257
3,257
3,257
3,257
3,257
3,257
3,257
3,257
3,257
Sales/Revenue/Turnover
867
1,001
1,002
973
958
1,022
976
871
594
616
618
701
710
- -
Operating Margin (%)
82.23
81.33
85.55
85.2
81.78
83.7
85.2
85.5
79.79
79.95
79.27
81.02
81.15
- -
Depreciation Expense
8
9
8
8
9
9
9
8
8
8
8
8
9
- -
Net Income, GAAP
343
238
-1,528
564
2,488
2,252
-2,102
-2,310
577
930
266
-204
-172
- -
Effective Tax Rate (%)
21.48
33.35
- -
17.63
4.09
4.24
- -
- -
8.65
3.75
- -
- -
- -
- -
Profit Margin (%)
39.51
23.83
-152.52
57.93
259.8
220.33
-215.48
-265.07
97.23
150.85
43.02
-29.15
-24.19
- -
Working Capital
839
-66
-102
-175
-2,824
-312
-666
-4,503
-156
-5,294
-354
-726
-5,096
-5,096
LT Debt
6,685
8,097
8,116
8,104
6,931
9,474
9,196
5,294
9,758
4,763
9,887
9,656
5,434
5,434
Total Equity
15,774
15,503
13,371
13,438
15,485
17,315
14,671
11,931
12,147
12,808
13,074
12,907
12,699
12,699
Return on Invested Capital (%)
2.58
2.34
- -
3.15
3.2
3.12
- -
- -
1.96
2.1
- -
- -
- -
- -
Return on Capital (%)
2.17
1.58
- -
3.34
11.43
9.54
- -
- -
3.14
5.23
- -
- -
- -
- -
Return on Common Equity (%)
2.16
1.52
-10.58
4.21
17.21
13.73
-13.15
-17.37
4.79
7.45
2.05
-1.57
-1.34
- -

Capital Structure

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
699
702
5,039
LT Borrowings
9,656
9,628
5,284
LT Finance Leases
- -
7
150
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,257
3,257
3,257
Market Capitalization
1,531
1,417
1,091

Working Capital

HKD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
280
249
250
Cash, Cash Equivalents & STI
4
12
7
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1,006
1,003
5,346
Payables & Accruals
- -
- -
- -
ST Debt
699
702
5,039
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
1.29%
-1.62%
Free Cash Flow
-58.12%
-112.01%
-226.05%
Net Income, GAAP
-31.68%
-65.62%
-15.9%
Sales/Revenue/Turnover
-2.59%
-2.6%
1.32%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
618
2024
- -
- -
701
2025
- -
- -
710

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.08
2024
- -
- -
-0.06
2025
- -
- -
-0.05

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.01
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Man Lim Lam
Full Time Employees
- -
Sector
Finance
Industry
Real estate investment trusts
Address
Unit No. 2001 Hong Kong Hong Kong
IPO Date
Mar 30, 2007
Website
regalreit.com
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Business
Regal Real Estate Investment Trust (RREIF) is a Hong Kong-based real estate investment trust authorized under section 104 of the Securities and Futures Ordinance that owns and invests in income-producing hotel properties, serviced apartments, and commercial properties including office and retail premises. The REIT, established on December 11, 2006 and listed on The Stock Exchange of Hong Kong on March 30, 2007, maintains its headquarters at Unit No. 2001, 20th Floor, 68 Yee Wo Street, Causeway Bay, Hong Kong, with operations focused primarily in the Hong Kong market. Its portfolio comprises nine premium quality hotels with over 4,900 rooms, including full-service Regal-branded properties such as the Initial Hotels (Regal Airport Hotel, Regal Hotels International and Regal Oriental Hotel), alongside select-service iclub-branded hotels like iclub Sheung Wan Hotel, iclub Fortress Hill Hotel, iclub To Kwa Wan Hotel and iclub Wan Chai Hotel, which form part of a mixed-use property segment; revenue is predominantly generated from the hotel properties segment targeting business and leisure travelers with a diversified guest mix. The REIT pursues long-term objectives of delivering stable, growing distributions to unitholders and net asset value growth through active ownership and strategic investments, supported by robust industry fundamentals, alignment with the Regal Group and high-quality assets with strong growth potential. In recent developments, Regal REIT reported a consolidated loss before distribution to unitholders of HK$508.1 million for the interim period ended June 30, 2025 amid challenges in hotel operations; while no material acquisitions or capital investments were announced immediately, the associated Regal Group's joint venture P&R Holdings Limited continues major luxury residential developments such as The Mount Regalia in Kau To, Sha Tin, and ongoing aircraft ownership activities complement the REIT's hospitality focus.